The United States faces long-term energy, climate, and competitiveness challenges that go far beyond the economic hurdles that we are facing today. Our global competitors are gaining in productivity and capturing high-value manufacturing capabilities and products that were invented in the U.S. With the convergence of these challenges, we have reached a turning point in our industrial history – to use these challenges as an opportunity for the renewal and transformation of U.S. industry and manufacturing to compete globally through sheer technical prowess and product value superiority, reducing our dependence on carbon-based fuels, reducing greenhouse gas emissions, and increasing productivity. This legislation takes the first steps in achieving this transformation by focusing on providing financing mechanisms for manufacturers to implement cost-competitive, energy efficient equipment and processes, as well as by establishing public/private partnerships with industry to map out where advanced American manufacturing is headed and to develop and deploy the breakthrough processes and technologies that will take us there.

2. Revives and strengthens our industrial competitiveness through public-private partnerships to develop and deploy the new technologies and processes needed to be globally competitive in a carbon and energy constrained world.

Establishes partnerships between the Industrial Technologies Program (ITP) and other Federal applied technology programs to engage in early stage manufacturing technology development.

Directs the National Academies of Science to evaluate the critical manufacturing capabilities and supply chain components needed to capture the development and production of advanced energy technologies in the U.S.

From the beginning of her tenure, Speaker Nancy Pelosi (D-Calif.) has attempted to pass legislation cutting billions in tax breaks and royalty payments to oil and gas companies to invest in renewable energy and energy efficiency. The legislation has died twice by a single vote in the Senate – in December as part of the energy bill (H.R. 6), and three weeks ago as part of the economic stimulus legislation (H.R. 5140).

House leadership announced plans to immediately reintroduce the legislation as a standalone bill, named the Renewable Energy and Energy Conservation Tax Act of 2008 (H.R. 5351).

Debate on the bill is now taking place, with a final vote scheduled for some time after 3 PM EST.

Extends: (1) the tax credit for production of electricity from renewable resources through 2011; (2) the energy tax credit for solar energy and fuel cell property through 2016; (3) the special rule for treatment of gain from electronic transmission transactions by certain electric utilities through 2009; (4) the tax credit for residential energy efficient property expenditures through 2014; (5) the tax credit for alternative fuel vehicle refueling property expenditures through 2010; (6) the tax credit for biodiesel and renewable diesel used as fuel through 2010; (7) the tax credit for nonbusiness energy property expenditures through 2009; and (8) the tax deduction for energy efficient commercial buildings through 2013.

The report finds that global investments on the order of $170 billion annually through 2020 ($38 billion in the US) in energy efficiency (what they call “energy productivity”) would deliver annual returns at a rate of 17 percent. Furthermore, these investments would reduce energy demand at half the cost of building out infrastructure to meet that demand. (For a sense of scale, $170 billion is 1.6 percent of global fixed-capital investment today.)

Fuel subsidies that directly discourage productive energy use; a lack of information available to consumers about the kind of energy productivity choices that are available to them; and agency issues in high-turnover commercial businesses.

Today Katherine Ling reports in E&E News that timeline is now in doubt:

The death of Rep. Tom Lantos (D-Calif.) and last-minute negotiations may delay House plans to take up a renewable energy tax incentive package later this week. Lantos died yesterday morning due to esophagus cancer complications. . .

The bill was expected to be introduced this morning, according to Matthew Beck, a spokesman for House Ways and Means Committee Chairman Charlie Rangel (D-N.Y.). Beck said the committee was writing the bill but had not completed it yet as they were waiting for decisions from the leadership.

The Select Committee on Energy Independence & Global Warming will hold a hearing on Friday November 2, at 2:30 p.m. in the Olympic Room at the Edgewater Hotel in Seattle, Washington. The hearing is entitled, “Bright Lights in the Cities: Pathways to an Energy-Efficient Future.” Witnesses will be by invitation only.

The House passed HR 3775 and 3776 today, both authored in the House Committee on Science and Technology.

Rep. Bart Gordon’s (D-TN) H.R. 3776, the Energy Storage Technology Advancement Act of 2007, provides for research, development, and demonstration programs to accelerate the development of advanced energy storage systems for vehicular, stationary, and electricity transmission and distribution applications, and support the ability of the United States to remain globally competitive in this field.

Rep. Nick Lampson’s (D-TX), H.R. 3775, the Industrial Energy Efficiency Research and Development Act of 2007, authorizes and supports research, development, demonstration, and commercial application of new industrial processes and technologies that will optimize energy efficiency, environmental performance, and economic competitiveness of energy intensive industries. It also enhances ongoing efforts through better coordination of interdepartmental research, and expands Industrial Assessment Centers programs at universities to promote student training and adoption of energy efficient technologies and practices by small and medium-sized industries.

The budget for Industrial Technologies Program has decreased dramatically in recent years. The Fiscal Year 2007 budget request for Industrial Technologies was $45.6 million, an $11.3 million reduction from the Fiscal Year 2006 Appropriation. By comparison, appropriated levels as recently as Fiscal Year 2000 were as high as $175 million. These funding levels reflect a dramatic shift in priorities away from industrial efficiency R&D. H.R. 3775 works to restore this program and ensure continued gains in industrial energy efficiency and environmental performance through collaborative research and development.

Endorsing groups include the National Association of Manufacturers, the Industrial Energy Consumers of America and the Association of Materials Manufacturing Excellence.

Student leaders in architecture and engineering from three universities at the US Solar Decathlon on the Mall discuss special features of their leading-edge, solar-powered houses and how their experience has helped shape their future as innovators. Participants are from the University of Colorado, Boulder – a two-time solar Decathlon winner, Carnegie Mellon University (Pittsburgh, PA) and the University of Maryland, College Park. Panel moderator is Bobbie Faul-Zeitler, editor of Green News Update and mentor to the University of Maryland team. Co-sponsored by the Smithsonian office of Energy Management.

At the Smithsonian Museum of Natural History at 10th Street & Constitution Ave. NW.